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20110701
20110731
Search Results 0 to 20 of about 21 (some duplicates have been removed)
. >> the largest possible deal. >>chris: the president wants to go big so why are the numbers going down? welcome, everyone, i am here for neil cavuto in "your world." a new round of debt talks get under way at the white house but it is not all smiles. because the president's listen is not looking so grand. we have gone from talk of $2 trillion in cuts to $1.7 trillion and now closer to $1.5 trillion. and there is in guarantee that money won't go lower as the talks drag on. utah republican senator lee thinks we need to go back but $1.5 trillion in cuts spread out over ten years is that going big? >>guest: no, in the big at all. i am not sure it is going anywhere. one congress cannot bind another congress. so no matter how big the cuts are, if they are stretched out over 10 years and not accompanied by a constitutional amendment we have no guarantee they will be followed. >>chris: do you get a sense both sides are trying to get a deal and making it small enough to be palatable because the democrats and the administration will not make a big deal without tax increases, so both will take small incre
that is not the whole story? >>guest: you are right. people forget, and i forgot that obamacare, the big health care reform bill had half a trillion of new taxes over the next 10 years including tax on health insurance companies on investment income and hospitals and pharmacy companies and on employers so it is a major tax increase, the biggest ever in the last 25 years. people forgot about it so when democrats say to make it balances we need a tax increase, what we wrote today, didn't you just pass a big tax increase last year? you want $1 trillion increase on top of that? >> and so many of the tax increases do not come online until years down the road, so, although it was passed, and you think you may not have been slapped with it yet, in 2013 and 2015 and 2018 you will be. >>guest: gentleman that is why people for got. they did not take place until 20 thin or 2014 and some in 2018 for the health care plan. the question we have to ask, then, can the economy really get out of the rut with 9.2 percent unemployment and 14 million unemployed with $500 billion tax increase already in the works and, the
and that could seem like a big hit, but close to 97 points today, but obviously celebrated by day's end but with the losses here, we are battling reaction to not only no progress on talks in washington, but not much good news on the economy, in general, with more indications of that from a hot -- host of companies including merck laying off 13,000. and at 6:00 p.m. eastern, we are waiting for two hours when the house of representatives will take up the boehner measure. that is the measure that will include a balanced budget amendment to make it more palatable for conservative members who did not quite fine it their cup of tea. the tea partyers were not fond of it and even if john boehner gets the vote what happens after that? harry reid has all but said he will table it, and it is not going anywhere, and he has his own plan in the senate which will be introduced this weekend, which is not palatable to all of his members and may not make the 60 vote he needs and after the senate would not get any support in the house of representatives. so we are at loggerheads. reaction from republican
quarter on g.d.p. growth, and that is the debate on wall street. >> i will show the big board again if we can, a lot of you will look at this and say 200 points because washington is not doing anything, that is part but it is not the majority of what is happening here. a lot of this is having to do with concerns of slow down is happening and we could revisit a serious slow down, if not a double dip, companies lime emerson saying things have turned south. i am not dismissing what is beginning on in washington but for wall street the front burner issue is the concern of the double dip. that is the reality. and, then, there is this. (inaudible) fabio challenges you at 9:00 a.m. on the internet. >>neil: taking on the old spice guy and now, he is responding. >> i accept your challenge. >>neil: if you think that is spicy enter another, and we have the real spice, live from washington. me. we are ear all over the spicy hot debt battle with some of the biggest names in the business kicking off at 4:00 p.m. with mark levin and many others, the big budget brawl continues, alive this weekend on satu
savings, those are probably phony but here the important thing, no tax increases this is a big development in this budget story. [ talking over each other ] >> neil: you are making the assumption that there isn't an add-oncoming. you are right, the deal itself, [ talking over each other ] >> neil: don't jump the again. more than a trillion coming out of the wars. republicans have factored in that math as well. do you think given your point of view, that others will jump onboard of as the best thing out there? >> i think this is the basis for a deal. we have to jiggle the numbers, you are right. a lot of numbers in reid's budget proposal are phony. i think it is significant. weeks ago, harry reid put forward a budget with two trillion of tax increases, now he's at zero, that's a big deal. >> neil: we've been mentioning the markets and how they've held on. is that because they are factoring in a deal at the last minute or that they are okay, no matter what happens? >> i think the market has come to the perception we will have a deal. i think we are going to get a deal within 48 hours of augu
the beginning. >> a big reason why ron paul wants to focus on his presidential bid announcing today he will not seek another term in the house of representatives. and now in the first television interview since that surprise announcement the g.o.p. candidate will be on sbn tonight at 6:00. you don't get it? demand it! she called it a death panel and now some democrats agree, the list of lawmakers against the cost control board is growing. could it spell death for the health care law? he reports and you be the judge. stay tuned. woman: saving for our child's college fund was getting expensive. man: yes it was. so to save some money, we taught our 5 year old how to dunk. woman: scholarship! woman: honey go get him. anncr: there's an easier way to save. get online. go to geico.com. get a quote. 15 minutes could save you 15% or more on car insurance. >> opposition growing not from republicans but from democrats over a controversial health care advisory board. at least eight democrats now want the independent board gone. it is a board the republicans call "a death panel." but the judge say
will this guy vote? he will tell us. and only us. look at the corner of wall and broad on the big board the dow jones industrial average down 6 2 1/2 points. we focus on the markets for good reason, we are led to believe they are sort of waiting to see what comes out of washington. but, are we making a mistake if we go the other way and conduct national policy, political long term debt policy based on the market? charles says "be careful." >>guest: be very, very careful. you have a couple of things going on. first the scare tactics that everyone is using in washington, you remember when the tarp vote did not go through and the dow jones industrial averages with down 700 points. do you want that to happen? president bush signed tarp into law october 3rd, 2008, march 9, the dow jones industrial average was off 4,000 points so that was not a panacea. unemployment got worse. our economy got worse. we have to be careful about worrying about the knee-jerk reaction. because they have said it so many times and because harry reid compared it to the great depression and armageddon there will be self self
jones industrial average stock market especially the s&p stocks. these are the big boys on the block, the top 500. they issue dividends right now and the balance sheets look good and they are profitable and undervalued. that is good place to go. >>stuart: i heard going into the big name, big american-based multinational corporations, they are safe. but, if you put your money into a lost them over 10 years, you have gone nowhere and sometimes you have gone down. >>guest: well, of course, there is that element of risk. yet when you look at the companies right now they have already adjusted for the things in the marketplace right now. you are looking at emerging economies that could be slowing down. you are looking at the debt ceiling, the issues that are going on with that and you are looking at sovereign debt. and a lot of the big companies have already adjusted for that and so they are relatively cheap such as boeing and mcdonald's and caterpillar. >>stuart: you buy gold at $1,550 and big multicorporation stocks would you buy a bank cd and earn a miserable 1 percent and sleep safely?
. cut, cap and balance, a big victory for house republicans last night, but, you would not know it today watching the white house press briefing. we counted just two questions about the g.o.p. plan, one to ask if it was a waste of time versus 14 for the "gang of six" plan which the president favors. tim graham not surprised a media research center worker. you thing the media is pushing the president toward the democrat plan, right? >>guest: they are failing to explain what the republican plan is. that you could go back through the transcripts and try to find the network using the word "cut, cap and balance." this is something that the house republicans have been formulating almost virtual media silence. they do not feel it is necessary to describe what it is but to just begin by announcing when it actually passes they say it is a failure and a waste of time. it is quite extraordinarily. >>stuart: some of the language they are using it calling it the ill fated cut, cap and balance, and those words tend to be attached to cut, cap and balance. ill fated was in "the hill," and there are othe
is not involved in the shut down talks this year not playing big role here. and people are getting jealous that the president is meeting with john boehner and on republican side a lot of the tea party guys are not trusting john boehner, they are skeptical that he is going to blink and both the left and the right are so entrenched here and i don't know how someone is not going to be badly politically damaged with whatever tell they come up with and, again, why see the votes at this time. how do they get there? john boehner has called this a rubic's cube. it is difficult to get a solution. >>neil: but they are aware of the deadlines and this is the day that the administration argued you had to get the agreement in place so you could avoid the august 2nd potential default and by that we just mean that you hit up against the limit and it doesn't mean that a downgrade, per se, or that we go and solve it, there is a higher risk of that. we will play that out. we hit that deadline, if we break that deadline, how soon before you think the credit rating answers react? >>guest: they have been aggres
. is this a big worry? and now, my guest is joining me. can we get the unemployment rate by low 9 percent if gas is close to four bucks a gallon? >>guest: it will be tough. it makes it more expensive to business to run business when it comes to shipping businesses and the industrial machine of the united states, and, really, the global industrial machine so that is, really, tough, and a balancing act they have been trying to play and obama has been trying to play and they are not successful. >>stuart: is gas prices the mover to slowing the committee down? >>guest: there are so many movers, it is just one of the of -- movers and if you look at our economy, the unemployment is a big factor and housing, although we have better numbers they are not where they need to be, and there are a ton of factors but it does not help because the hard gins shrink and you can only subsidize the higher gas prices so long and they are passed on to the business owner and the consumer. >>stuart: this wasn't supposed to happen. we released oil from the strategic petroleum reserve and we are supposed to drive oil price
host has been a big proponent of the national sales tax idea. another buddy of mine has picked up that banner and has run to washington with it, which is good. the thing i'm a fan of is everyone having skin in the game. fan of fair tax, flatf[ tax. this idea that 42% of americans don't pay anything into the problems that president obama and the congress are grappling with now that is morally wrong. >> neil: 51% are eligible taxpaying families pay no income tax at all. having said that, my only fear is rather than a swap out they are an add on. >> that can be the problem that's happened in a lot of states. at the state level. they say we are going to do away with the sales tax and bring in an income tax. they tried to do that in tennessee where i lived and we pretty much stomped them into power and ran the politicians out on a rail that tried to do that. we would under with both rather than either or. on a federal level, as massive a move as that would be, it would have to be a complete shutdown of things as we nope it changes your personal residence, capital gains they go away. i
Search Results 0 to 20 of about 21 (some duplicates have been removed)